Total investment of 2 billion! Another semiconductor project settled in Wuxi

On January 16, South Korea's SK Hynix and Wuxi High-tech Zone signed an investment cooperation agreement to jointly build an integrated circuit industrial park, and a new round of cooperation between the two sides has yielded fruitful results.

The SK Hynix Wuxi High-tech Zone Integrated Circuit Industrial Park project signed this time is jointly built by Wuxi High-tech Zone and SK Hynix. The total investment of the project is 2 billion yuan. It will give full play to the market effect of the leading enterprises of the joint venture, focus on the upstream and downstream industrial chain of SK Hynix, and strive to create a semiconductor industry headquarters economic cluster with SK Hynix as the leader and various high-quality supporting enterprises and R&D training centers gathered. It will actively improve supporting functions such as commerce, apartments, and public services, and build an internationally charming and innovative block with a modern atmosphere and reflecting the industrial characteristics of the high-tech zone.

Li Xiaomin, deputy director of the Standing Committee of the Provincial People's Congress, met with Lee Seok-hee, CEO of SK Hynix. Huang Qin, secretary of the municipal party committee, delivered a speech, and Du Xiaogang, mayor, gave a speech. Ma Minglong, director of the Provincial Department of Commerce, and Sun Jin, deputy director, attended the relevant activities.

Li Xiaomin, deputy director of the Standing Committee of the Jiangsu Provincial People's Congress, said that SK Hynix has invested about 20 billion US dollars in Xi'an, and has become the largest foreign-invested enterprise in Jiangsu with the most advanced storage semiconductor production technology. In recent years, the cooperation between the two sides has entered the "fast lane", with the Hynix Second Factory project officially in mass production, and major projects such as the China Sales Headquarters, M8, schools, and hospitals settling in one after another. The project signed this time is a major achievement made under the joint promotion of the Provincial Party Committee Secretary Lou Qinjian and SK Group Chairman Choi Tae-won. It is committed to building a semiconductor industry headquarters economic cluster, expanding new space for cooperation between the two sides, and opening up a new realm for cooperation between the two sides. It is hoped that the two sides will consolidate and develop the deep friendship and good momentum of many years of cooperation, and continue to push cooperation to new heights.

"The development and growth of SK Hynix over the years is inseparable from the strong support and help of governments at all levels in Wuxi." Lee Seok-hee, CEO of SK Hynix Co., Ltd., said that especially since the second factory was put into production last year, the product yield has repeatedly set new highs and reached the world's highest level. Today, SK Hynix Semiconductor (China) Co., Ltd. has developed into the first production base with the world's top technology. The two parties jointly built an integrated circuit industrial park and worked together to improve the semiconductor industry chain, which will further strengthen the core competitiveness of the semiconductor industry. SK Hynix cherishes its friendship with Wuxi and will pay more attention to the win-win development with Wuxi society, talents and enterprises, and work together to create a happy and beautiful life.

Huang Qin, secretary of the Wuxi Municipal Party Committee, said that Wuxi will focus on "one blueprint to the end" and turn the cooperation matters agreed upon by Secretary Lou Qinjian and Chairman Choi Tae-won into reality step by step, continue to push forward the cooperation between Wuxi and SK Hynix, and work together to write a new chapter of comprehensive cooperation; implement the cooperation matters determined by both parties, including the headquarters project, one by one, and work together to create a new situation of industrial cooperation; governments at all levels will consistently create the best business environment, provide the best government services, and strive to promote the construction of industrial park projects, and work together to create a new benchmark for innovative cooperation.

"The signing of this project marks a new step in deepening the cooperation between the two sides!" Wuxi Mayor Du Xiaogang said in his speech that he hoped SK Hynix would promote the early start, construction and effectiveness of the project, and help Wuxi accelerate the construction of the core integrated circuit industry cluster and complete industrial ecology. We will continue to care about and support SK Hynix's development in Wuxi, provide the most powerful support, the most efficient service and the most comprehensive guarantee for the project construction, and work together to create a new situation of common development and win-win cooperation between the two sides at a new starting point.

Since entering Wuxi in 2005, SK Hynix has taken root in Wuxi and has branched out. Especially in recent years, the two sides have continued to cooperate and major projects have been settled in Wuxi one after another, which has not only provided strong support for SK Hynix to consolidate and enhance its leading position in the industry, but also injected strong impetus for Wuxi to promote the construction of an industrially strong city and create an "industrial landmark" for integrated circuits.

Source: Wuxi Daily